Pensions

In an annex to a paper published this morning setting out new rules on advice from pension schemes with ‘safeguarded’ benefits, the regulator sought to quantify how many savers might seek to ‘irrationally’ transfer.

The Financial Conduct Authority (FCA) has today confirmed final rules which will require firms operating workplace pension schemes to implement a charge cap for default funds used for automatic enrolment

The report, “Consensus Revisited” reveals that, despite a number of positive policy initiatives, many future savers are still unlikely to secure adequate retirement incomes as a consequence of economic and demographic headwinds